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Criterium Energy Ltd V.CEQ

Criterium Energy Ltd. is a Canada-based upstream energy company. The Company is focused on the acquisition and sustainable development of assets in southeast (SE) Asia that are capable of scalable growth and cash generation. The Company, through Mont D’Or Petroleum Limited, holds interests in Tungkal PSC and West Salawati PSC. Tungkal PSC covers an area of about 2,285 square kilometers and contains the Mengoepeh and Pematang Lantih oil fields that collectively produce about 1,030 bbl/d and contain 4.6 MMbbl 2P reserves. The West Salawati PSC is located onshore Salawati Island covers an area of about 970 square kilometers and contains the Balladewa-A (BLL-A) oil field, which produces approximately 20 bbl/d1 from one well. Its portfolio also comprised of a 42.5% non-operated interest in Bulu PSC.


TSXV:CEQ - Post by User

Post by Penniestoricheson Jan 13, 2025 2:48pm
50 Views
Post# 36401821

Great Start to 2025!!

Great Start to 2025!!Currently Brent is ~$7/barrel USD higher than the average in Q4 2024, which translates to ~$10,000/day CAD of additional revenues for CEQ (assuming ~1000 barrels/day)! I wouldn't be surprised if they are also able to negotiate a higher price for their oil compared to the benchmark given the general oil and gas climate in Indonesia. Considering they were already profitable at the end of 2024 at lower prices, things are looking great to start the new year!!
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